Oct 11, 2012 9:00pm EDT
for the republican congress. >> look at what ronald reagan did. he worked together to lower tax rates and broaden the base and they worked together to fix that. what we're saying, here's our frame work. lower tax rates 20%. we've raise about $1.2 trillion through income taxes. we forego about $1.1 trillion in loopholes and deductions. what we're saying is, deny those loopholes and deductions to higher income taxpayers so that more of their income is taxed, which has a broader -- >> can i transplait? >> here's why i'm saying this. >> i hope i'm going to get time to respond. >> you'll get time. >> we want to work with the congress to help us to achieve this. that means successful. >> no specific again. >> what we're saying lower tax rates 20%. start with the wealthy. work with congress. >> you guarantee this math will add up? >> absolutely. six studies have verified this math adds up. >> vice president biden? >> let me translate. let me have a chance to translate. >> i'll come back in a second. >> first of all, i was there when ronald reagan was there. he gave specifics of what he was going to cut.